Aviation News

NCLAT allows Go First lessor Bluesky 19 to inspect planes, Infra News, ET Infra


<p>Representative Image</p>
Representative Image

The National Company Law Appellate Tribunal on Thursday allowed aircraft lessor Bluesky 19 Leasing Company to inspect the planes it has leased to Go First, which is under insolvency proceedings.

It is the third Go First lessor to get relief from the appellate tribunal after similar rights were granted to engine lessor Engine Lease Finance BV and aircraft lessor Jackson Square Aviation Ireland.

The counsel for Bluesky 19 Leasing appealed to NCLAT to provide further clarity on lessors’ right to contest other issues besides inspection, but the bench dismissed it saying its earlier decision in ELFBV case was clear on the matter.

The counsel for Go First’s resolution professional opposed the appeal by Bluesky 19 Leasing, arguing they were already covered by the Delhi High Court’s order last month and hence there was no need to ask for inspection rights from the appellate tribunal. Engine Lease Finance BV was the first lessor of the beleaguered airline to approach NCLAT to get inspection rights for its four engines in August.

  • Published On Oct 6, 2023 at 12:20 PM IST

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